The placement represents approximately 15.2% of the enlarged share capital of 220,257,000 shares of Memiontec and based on the placement price, Memiontec’s market capitalisation will be approximately $49.6 million post-Placement.
SINGAPORE (Feb 21): Total solution water treatment company, Memiontec, has today launched its initial public offering (IPO) on the Catalist Board of Singapore Exchange.
The group which provides water and wastewater management services across Singapore, Indonesia and China, will be placing about 33.5 million shares at 22.5 cents each today to raise about $5.8 million in net proceeds.
